Daqo New Energy Corp (NYSE: DQ) has reported E.P.S. of $-0.92 for its third fiscal quarter (ending September 30) versus $-0.09 for the same period a year ago — an increase of 922%. For the latest four quarters through September 30, E.P.S. were $-1.74 compared to $9.19 a year ago — a decline of -119%.
Recent Price Action
Daqo New Energy Corp (NYSE: DQ) stock closed at $22.26 on 10/30/24 after a modest decline of -1.1%. Moreover, this decline was accompanied by exceptionally high trading volume at 281% of normal. The stock has risen 6.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DQ’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Daqo New Energy has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Daqo New Energy has a very high Appreciation Score of 96 but a poor Power Rating of 25, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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